NCAA: No expansion of basketball tournaments beyond 68 teams this season
The NCAA said expansion to 72 or 76 teams could still be considered prior to the 2027 tournaments.
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Allison Transmission reduces full-year sales, profitability expectations
Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
Planning groups gathering travel data to help transportation planners
The Hoosier Travel Counts household travel survey project is being conducted by the Indianapolis Metropolitan Planning Organization, or MPO, and the Heartland MPO.
More than two dozen Indiana lawsuits accuse Lilly of downplaying obesity drug side effects
Seventeen of the complaints also name Eli Lilly and Co. competitor Novo Nordisk Inc. as a defendant and make similar allegations about its GLP-1 drug, Ozempic.
Sale pending for $12M estate of former Colts owner Jim Irsay after 5 days on market
The estate, which features a 24,000-square-foot main residence, a guest house and a cottage, was listed for sale on July 30.
Engineering firm Egis Group merging with Chicago-based company
A construction services firm with its North American headquarters in Indianapolis is joining forces with another firm to expand its reach.
New Jersey says 3 chemical makers agree to ‘forever chemical’ settlement worth up to $2B
The deal with DuPont, Chemours and Corteva is the largest such settlement in the state’s history.
Big Tech’s hefty AI spending is reshaping the slowing economy
Google, Meta, Amazon and Microsoft reaffirmed this past week that they are on track to spend more than $350 billion this year building and equipping AI data centers.
Amazon to cut Wondery staff, reorganize audio business
The moves are an acknowledgement that Amazon’s big push into podcasts hasn’t worked out as planned.
Thousands of Midwest Boeing workers who build fighter jets, weapons go on strike
The vote followed a weeklong cooling-off period after the machinists rejected a proposed contract that included a 20% wage increase over four years and $5,000 ratification bonuses.
Vast majority of adults stressed about grocery costs, poll finds
Other financial stressors—like the cost of housing or the amount of money in their bank accounts—weigh more heavily on younger Americans, according to polling.
IBJ Podcast: Christine Brennan on Caitlin Clark’s cultural influence and the WNBA’s growing pains
The sports broadcasting veteran speaks candidly on her new book about Clark, the WNBA’s flawed handling of Clark’s debut and its continuing struggle with balancing promotion, parity and politics
Funeral businesses quickly embracing AI tools for generating obituaries
Thousands of funeral homes now offer obituary generators. The shift has created some division in the industry, with some old-timers unnerved by the coldness of it all—or by the thought it might help take their jobs away.
The newest side effect of hair loss—growing anxiety and depression
Hair loss isn’t new. What’s different today, experts say, is that male anguish about it has never been more evident. Social media, dating apps, “Zoom dysphoria” and a sometimes predatory marketplace are stoking the anxiety.
Tesla found partially liable for fatal 2019 crash, hit with $243M in damages
The verdict is a stunning rebuke for CEO Elon Musk’s company, which for years has avoided responsibility when its technology is involved in a crash.
Trump fires labor statistics chief after large revision to jobs report
Revisions to job reports are common, but Trump claimed the changes were “rigged” to make him look bad. The episode underscores questions about the independence and stability of the federal agencies tasked with reporting the nation’s most critical economic data.
NFL on the verge of selling media assets to ESPN for an equity stake in the network, sources say
The proposed move comes as ESPN is expected to soon launch its direct-to-consumer service, likely before the end of August.
Corporation for Public Broadcasting announces shutdown following funding loss
President Donald Trump launched a successful campaign to claw back the $1.1 billion allocated for the organization for the next two years, a measure he signed into law last month.
Indiana’s state police, prisons and more ink immigration enforcement agreements with ICE
A trio of Indiana agencies have signed up for federal immigration enforcement powers, Indiana Gov. Mike Braun announced Friday.
Editorial: Business leaders who excel raise up more than just their company
The Indiana 250—the latest iteration of which was released in last week’s IBJ and at Indiana250.com—is packed full of leaders who aren’t just succeeding in business or at the organizations that pay them salaries.